EFTA Document EFTA01473744

Subject: RE: southern financial - CB&S FX feedback [C] From: Paul Morris ‹ > Date: Tue, 30 Jun 2015 14:54:41 -0400 To: Todd Stevens Classification: Confidential I think the last pricing was for 100 mn notion, just curious how does that size fit into avg client cb&s team working with? Paul Morris Managing Director Deutsche Bank Private Bank Office Cell: From: Todd Stevens Sent: Tuesday, June 30, 2015 2:30 PM To: Paul Morris Subject: FW: southern financial - CB&S FX feedback [C] Classification: Confidential Fyi.. our fx team is more like a high speed treadmill. Frequent repricings and small size doesn't fit into their slipstsream well. From: Daniel Sabba Sent: Tuesday, June 30, 2015 2:26 PM To: Todd Stevens Subject: RE: southern financial - CB&S FX feedback [C] EFTA01473744 Classification: Confidential It makes sense going forward. We did it through CB&S this time as they provided the initial idea. From: Todd Stevens Sent: Tuesday, June 30, 2015 2:22 PM To: Daniel Sabba Subject: RE: southern financial - CB&S FX feedback [C] Classification: Confidential Lets route this through Caleb next time. Thoughts? From: Daniel Sabba Sent: Tuesday, June 30, 2015 2:21 PM To: Todd Stevens Subject: southern financial - CB&S FX feedback [C] Classification: Confidential Todd, Per our chat, I connected with CB&S FX management this morning, who provided feedback on Southern Financial's pricing requests over the last 24 hours. Jeffrey requested 7 EUR pricing iterations over the last day — this stood out as these have been unique times for FX trading. CB&S's view is that this client demanded a disproportionate amount of time on the repeated pricing iterations. As discussed, it is imperative to preserve goodwill with the CB&S channel — they have been true partners to us, and we believe they have a point about the client's request this time. Daniel EFTA01473745 EFTA01473746